Light
Light: energy made on farmland
We generate electricity on land that stays in farming. We have built 21 sites in Korea and 4 overseas, and carried out projects and feasibility studies in 10 countries.
ESG
Energy that keeps farmland farming, and a company run with the same care.
ENVELOPS responds to the climate crisis and supports the sustainable development of rural communities through nexus projects in which agrivoltaics, renewable energy, farming and water work as one cycle. Our business is our ESG, and the company is run on the same principles.
Impact
Bring Light, Bring Life.
Light into energy, land into harvests, and the income back to the village. What we change, in three words.
Land
Land: shade that keeps farming going
We decide how much shade a crop can take before the panels go up. At Bogor in Indonesia, soybean yield rose 106% in the wet season and 17% in the dry season. At Ovalau in Fiji, lettuce rose 54% and taro 14%.
Life
Life: income that stays in the village
We shape projects so that the income from power stays in rural communities. In Korea we formed an alliance with KLES and Haezoom for Solar Income Villages, where residents take part in the power business. Overseas we work with development partners to address rural electricity, water and food as one project.
Goals we serve
SDG 2 Zero Hunger · SDG 7 Affordable and Clean Energy · SDG 13 Climate Action
ESG policy
People's safety comes before schedule and cost.
The principles we keep in four areas: health and safety, environment, social and governance. They apply to every employee and every project, in Korea and overseas.
Health and safety
- If it is unsafe, we stop. Anyone can halt the work.
- Our own staff and our contractors' staff are protected to the same standard.
- We check the risks before going to site and improve once we are back.
Environment
- We cut greenhouse gases through renewable energy projects and measure the reduction of each one.
- We assess the effects on farmland, soil, water and ecosystems in advance, and plan the recovery and recycling of modules and batteries at end of life.
- We record and reduce the energy use and waste of our office.
- We comply with environmental law and ask our contractors for the same level of environmental management.
Social
- Under our human rights charter we keep the workplace free of discrimination and harassment, and we hear staff through the labour-management council and grievance handling.
- We engage residents and farmers throughout every project and give priority to local jobs and shared benefits.
- We deal fairly with suppliers and raise ESG standards together.
Governance
- We keep our ethics charter and code of ethics, and tolerate no corruption of any kind.
- We report ESG progress and key risks to the board every year.
- We identify and address ESG risks every year, and keep a reporting channel through which anyone can raise a concern.
- We manage ESG performance as data and report it honestly to our stakeholders.
15 October 2026 · Sung Yoon, CEO, ENVELOPS Co., Ltd.
Governance
Led by the CEO, reported to the board every year.
ESG organisation
Board of directors
Receives the ESG results and next year's plan every year.
CEO
Leads ESG management and approves the policy, strategy, targets and budget.
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Environment, health and safety lead
Plans environment, health and safety work and keeps the records and evidence.
Social and governance lead
Runs human rights, labour relations, ethics, whistleblowing and risk management, and keeps the evidence.
R&D Centre · Overseas Business Development · Management
Each team delivers the ESG tasks in its own area.
The yearly cycle
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January · targets and budget
The CEO sets the year's ESG targets and budget.
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June · half-year review
Progress and spending are reviewed, and gaps get an owner and a deadline.
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August · risk review
ESG risks are identified and assessed, and the risk register is updated.
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December · board report
Results and next year's plan go to the board, and the policy and guidelines are reviewed.
Every year ↩
Every employee takes ESG training each year, covering the policy, the code of ethics, human rights and whistleblowing. The policy and strategy are posted in the office and shared with new staff and key suppliers.
2027 targets
Targets we can measure.
| Area | Target | Measured by |
|---|---|---|
| Health and safety | Zero serious or lost-time accidents | Number of accidents |
| 100% completion of health and safety training | Completed ÷ required | |
| Joint safety inspection on construction sites, monthly | Inspection records | |
| Environment | Greenhouse-gas reductions of operating projects calculated every year | Reduction calculation report |
| Office electricity use 1% below the same month last year | Electricity log, temperature-adjusted in the cooling season | |
| Social | Residents' briefing for every new project | Briefing records |
| Every grievance received is resolved | Resolved ÷ received | |
| Governance | 100% ethics pledge and ESG training | Pledges and training records |
| ESG report to the board at least once a year | Board minutes |
ESG data
To be disclosed
We will publish results against these targets, together with the greenhouse-gas reductions of our operating projects, on this page. Reductions are calculated from each project's actual generation.
Certificates and commitments
2024.05–2027.05
Certified venture company, R&D type (No. 20240626020012)
Source · Venture company certificate on file
2018.08
Accredited corporate R&D centre (Korea Industrial Technology Association, No. 2018114186)
Source · R&D centre accreditation on file
UN Climate Technology Centre & Network (CTCN) network member (N0548), with expertise in agriculture, carbon fixation and abatement, and renewable energy
Source · CTCN
2024.04
Signed CEO Statement of Support for the Women's Empowerment Principles (UN Women and UN Global Compact)
Source · Signed statement on file
Ethics and human rights
Anyone should be able to raise a concern.
Our ethics charter, human rights charter and anti-corruption principles, with a reporting channel open to employees, suppliers and the communities where we work.